2.2. Market Prices
![An Essay on Economic Theory by Richard Cantillon](https://cdn.mises.org/styles/responsive_4_3_650w/s3/static-page/img/An-Essay-on-Economic-Theory_750x516.jpg.webp?itok=YiIwLywF 650w,https://cdn.mises.org/styles/responsive_4_3_870w/s3/static-page/img/An-Essay-on-Economic-Theory_750x516.jpg.webp?itok=fBrL7U1O 870w,https://cdn.mises.org/styles/responsive_4_3_1090w/s3/static-page/img/An-Essay-on-Economic-Theory_750x516.jpg.webp?itok=cnuy5wMN 1090w,https://cdn.mises.org/styles/responsive_4_3_1310w/s3/static-page/img/An-Essay-on-Economic-Theory_750x516.jpg.webp?itok=2zk8BH6g 1310w,https://cdn.mises.org/styles/responsive_4_3_1530w/s3/static-page/img/An-Essay-on-Economic-Theory_750x516.jpg.webp?itok=mtXAWopD 1530w)
Market prices are determined by the bargaining between suppliers and demanders. Price determination by supply and demand is illustrated with a thought experiment that uses a fixed quantity of a perishable product (i.e., green peas) and known maximum valuations of consumers.
From Part 2: Money and Interest. Narrated by Millian Quinteros.